The Consumer Electronics Show that finished this weekend in Las Vegas turned out to be the most interesting gadget festival in years., Nvidia and Alphabet on Friday left the benchmark ending the start of the new year down 1.9 per cent on the week. The tech-heavy Nasdaq 100 closed down more than 4 per cent on the week.
“Energy was our favourite sector of 2021 and we think there are still a lot of gains left here. We want you to think of it more as a long, secular trade based on supply and demand dynamics. And, even though it was the best performing sector last year these companies are better managed than ever.”European shares slipped on Friday on concerns over rising inflation and surging coronavirus infections.The pan-European STOXX 600 closed 0.4 per cent lower, and slipped 0.3 per cent on the week.
German chipmaker Infineon Technologies gained 1.7 per cent, taking cues from South Korea’s Samsung Electronics that posted upbeat fourth-quarter results. Hong Kong stocks rose nearly 2 per cent on Friday, marking their best day in a month, helped by a rebound in tech and property shares.
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